Settings8H · net · $10k
Funding arb · Price arb /

IO

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Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%
Price spread now: Extended against Hyperliquid−0.012%7-day average +0.006% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.128%+$13 on $10k
Price spread, last 4 days (all we have)+0.088%+$9 · spread now −0.012%, 7d avg +0.006%
Together, before fees+0.216%+ Points / potential airdropHyperliquid: Season 2 · Extended: Active · farm board+$22 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid IO0.15200.0100pay 0.0013% / 1h38m 36s$1.0M$386K3x
ShortExtended IO-USD0.15200.0104get 0.0013% / 1h38m 36s$5K$171K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Hyperliquid. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0.84
Price spread: −0.012% → +0.006%
−$1.72
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$14.88
Costs to cover
0.140%
Break-even
131.0 days
Slippage unknown: Hyperliquid: live order book, 2 min ago; Extended: live order book, 43 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 2 min ago1.32 bp22.7 bp −$23doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 43 min ago5.28 bp79.0 bp −$79doesn't fitdoesn't fitdoesn't fit

IO on 14 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_IOUSD−0.0636%1h0.1523+0.173%$39K$21K10xas long as short
Hyperliquid IOlong+0.0100%1h0.1520long leg$1.0M$386K3x
Aster IOUSDT+0.0100%4h0.1521+0.074%$6K$32K5xas long as short
Binance IOUSDT+0.0100%4h0.1521+0.073%$3.0M$6.5M50xas long as short
Bybit IOUSDT+0.0100%4h0.1519−0.092%$1.1M$878K25xas long as short
Gate IO_USDT+0.0100%4h0.1520+0.033%$232K$527K50xas long as short
MEXC IO_USDT+0.0100%4h0.1519−0.059%$1.2M$228K125xas long as short
KuCoin IOUSDTM+0.0100%4h0.1519−0.059%$410K$656K50xas long as short
Bitget IOUSDT+0.0100%4h0.1521+0.072%$1.3M$1.2M50xas long as short
BingX IO-USDT+0.0100%4h0.1519−0.059%$1.3Mas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni IO+0.0100%4h0.1516−0.268%$30K$5Kas long as short
Extended IO-USDshort+0.0104%1h0.1520−0.012%$5K$171K5x
BloFin IO-USDT+0.0123%4h0.1520+0.007%$193K$30K50xas long as short
Injective IO/USDC PERP+0.0163%1h0.1509−0.717%$2K$1025.5xas long as short